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As of 2:09 AM 01/29/15 All times are local (Market data is delayed by at least 15 minutes).

lincoln educational services (K1L) Snapshot

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Day High
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52 Week High
03/5/14 - €3.33
52 Week Low
08/13/14 - €1.60
Market Cap
Average Volume 10 Days
Shares Outstanding
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lincoln educational services (K1L) Details

Lincoln Educational Services Corporation, together with its subsidiaries, provides various career-oriented post-secondary education services in the United States. It offers degree and diploma programs in five principal areas of study, including automotive technology, health science, skilled trades, hospitality services, and business and information technology to recent high school graduates and working adults. The company operates its schools under the Lincoln Technical Institute, Lincoln College of Technology, Lincoln College of New England, and Euphoria Institute of Beauty Arts and Sciences brand names. As of December 31, 2013, it operated 33 campuses and 5 training sites in 15 states. The company was founded in 1946 and is based in West Orange, New Jersey.

2,409 Employees
Last Reported Date: 03/11/14
Founded in 1946

lincoln educational services (K1L) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $500.0K
President and Chief Operating Officer
Total Annual Compensation: $400.0K
Chief Marketing Officer and Executive Vice Pr...
Total Annual Compensation: $310.0K
Compensation as of Fiscal Year 2013.

lincoln educational services (K1L) Key Developments

Lincoln Educational Services Corporation Enters Amendment to Revolving Credit Agreement

Lincoln Educational Services Corporation, as borrower, and certain of its wholly-owned subsidiaries, as guarantors, entered into a third amendment of the company's secured revolving credit agreement, dated April 5, 2012, among the company, certain of its wholly-owned subsidiaries and a syndicate of four lenders led by Bank of America, N.A., as administrative agent, swing line lender and letter of credit issuer, as previously amended on each of June 18, 2013 and December 20, 2013. The third amendment reduces the aggregate principal amount available under the Credit Facility from $40 million to $20 million, effective January 15, 2015, and until then new borrowing under the credit facility is required to be cash collateralized. The third amendment also reduces the letter of credit sublimit from $25 million to $20 million, effective January 15, 2015. In addition, the third amendment provides that a future condition to extensions of credit after January 15, 2015 (excluding letter of credit extensions so long as the revolving credit loans (as defined under the credit facility) are $0) is that, after giving effect to the requested credit extension, the aggregate amount of cash and cash equivalents of the company not exceed $10 million. Amounts borrowed under the credit facility continue, un-amended, to bear interest, at the company's option, at either (i) an interest rate based on LIBOR and adjusted for any reserve percentage obligations under Federal Reserve Bank regulations for specified interest periods or (ii) the Base Rate, in each case, plus an applicable margin rate as determined under the Credit Agreement.

Lincoln Educational Services Corporation Announces Executive Changes

Lincoln Educational Services Corporation announced Brian Meyers has been appointed Executive Vice President and Chief Financial Officer effective January 1, 2015. Mr. Meyers replaces Cesar Ribeiro who is leaving the company effective December 31, 2014. Mr. Ribeiro has been on a medical leave of absence since September during which time Mr. Meyers assumed his responsibilities. Mr. Meyers has more than 25 years of accounting and financial management experience. He joined Lincoln in 2002 and served as the Senior Vice President of Finance and Controller. Prior to joining Lincoln, Mr. Meyers served as Vice President and Controller for Candie's Inc.

Lincoln Educational Services Corporation Announces Executive Appointments

Lincoln Educational Services Corporation announced that Douglas G. DelGrosso and Ronald E. Harbour have been appointed to its Board of Directors. The appointments were effective December 4, 2014. Douglas G. DelGrosso is President and Chief Executive Officer and serves on the board of directors of Henniges Automotive and its affiliated companies. Ronald E. Harbour is Senior Partner overseeing Global Automotive Manufacturing for Oliver Wyman.


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K1L Competitors

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Company Last Change
American Public Education Inc $34.33 USD -0.33
Learning Tree International Inc $1.85 USD -0.16
National American University Holdings Inc $3.09 USD 0.00
Scientific Learning Corp $0.10 USD 0.00
Universal Technical Institute Inc $8.51 USD +0.01
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